So POPular! Lightning Round with Zac Posen

What’s Posen’s advice for every bride? What was it like designing for a global giant like Delta Airlines? Does Posen design every piece of clothing he ever wears? The fashion designer sticks around for one last block to tackle Janet Mock’s rapid fire…

The change will be effective in November, and Larsson will report to Lauren who will continue to drive the company’s vision and strategy as executive chairman and chief creative officer.

As global president of Old Navy for three years, Larsson has remade the business to be a bright spot in Gap’s portfolio. Prior to his tenure at Old Navy, Larsson was part of an executive team at Swedish cheap chic fashion chain H&M for 15 years that increased annual revenue from $3 billion to $17 billion. During that time, H&M’s operations grew to 44 countries from 12.

“My job is to think always about the future of our company and how to move it forward,” Ralph Lauren said in a statement. “Stefan Larsson is exceptionally talented, and he will bring our company a fresh and exciting global perspective.”

Ralph Lauren also announced that Jackwyn Nemerov, president and chief operating officer, will retire in November, at which time she will become an adviser to the company.

The news comes as Ralph Lauren, which generated sales of $7.5 billion in the latest fiscal year March 28, has been expanding its luxury business while beefing up its online presence. In the past two years, the company has added three new brands — Polo for Women, Polo Sport and Denim and Supply.